Online retail to be Next’s summertime saviour as hot weather boosts sales September 23, 2018 Fast fashion stalwart Next is preparing to reveal its half year results to investors on Tuesday, with many eager to see whether its online sales uptick continued throughout the UK’s extended hot summer. The retailer had previously warned earlier this year that it was facing its toughest trading conditions in 25 years as customers [...]
SCS to stop selling through House of Fraser after orders slump October 25, 2018 Furniture company ScS will close all of its concessions at embattled department store House of Fraser by the end of January after it was taken over by Sports Direct founder Mike Ashley. The company said its orders through House of Fraser had more than halved in the twelve weeks ending 20 October. Ashley bought the [...]
JD Sports owner heads list of the UK’s top 50 taxpayers January 27, 2019 Financiers, hedge fund managers and housebuilders dominated a new list revealing the UK’s biggest taxpayers, published on Sunday. The Sunday Times tax list, which also includes high profile names such as David and Victoria Beckham, estimates the amount of tax paid to HMRC by the UK’s wealthiest people based on publicly available information. Read more: The [...]
Ranked: Sports Direct tops poll of UK’s most loathed brands October 23, 2018 House of Fraser owner Sports Direct is the UK’s most loathed brand, according to consumer finance website Money Saving Expert. However, billionaire Mike Ashley's bottom-placed retail giant may have been hurt by a social media campaign against the company, admitted the website, which asked 7,600 readers to rank 52 household name brands. Read more: Mike [...]
Manchester’s iconic House of Fraser store is set to close after rescue talks break down October 19, 2018 Another House of Fraser store has been axed after rescue talks with the landlord broke down, the company confirmed today. The Kendals department store in Manchester's Deansgate will close down in the New Year. Read more: Hamleys replaces finance chief after disappointing results A spokesman for House of Fraser said: "We have suggested various options to the landlord [...]
Philip Day’s Edinburgh Woollen Mill Group ends business with House of Fraser September 5, 2018 The Edinburgh Woollen Mill Group has ended business with House of Fraser due to lack of confidence in the business's future. The company, owned by retail tycoon Philip Day, said it had not been able to agree future trading terms with new owners Sports direct. Concessions for EWM's brands including Jaeger and Jacques Vert closed [...]
Sports Direct chair Keith Hellawell to step down from board following pressure from City adviser September 12, 2018 Chairman of Sports Direct Keith Hellawell is to step down from the board after the company's annual meeting later on today after facing pressure from an influential City advisory group. Hellawell has served as chair since November 2009, David Daly, a non-exec director will take on the role of chairman after the meeting with shareholders later today. [...]
Manchester United v Newcastle: Old foes Jose Mourinho and Rafael Benitez have chance to twist the knife October 4, 2018 Perhaps, after the final whistle has blown at Old Trafford on Saturday evening, Jose Mourinho and Rafael Benitez will gather in the Manchester United manager’s office and share a bottle of vintage claret, as Sir Alex Ferguson was fond of doing, and reminisce about the good old days. Or perhaps not, given their long-running and [...]
Debenhams secures £40m cash lifeline in fight for survival February 12, 2019 Embattled department store chain Debenhams saw its shares jump 35 per cent this morning after it secured a £40m cash injection, as it fights to keep afloat amid crunch debt talks with lenders. The retailer, which has issued three profit warnings in the last 12 months, said that the agreed £40m loan will "act as a bridge to facilitate a [...]
Two House of Fraser distribution centres have reopened August 24, 2018 Two of House of Fraser's distribution centres have re-opened after a dispute with its logistics provider resulted in customer orders being cancelled. The sites in Wellingborough and Milton Keynes have re-opened today, Drapers reported. This follows a weeks-long standoff with XPO Logistics, which owns and operates the warehouses. Earlier this week, The Times reported that Mike [...]